The logic behind InterSwap is fairly simple; create a solution better than every other one on the market. And to a large extent, we've managed to do just that.
Before InterSwap, bridging was an extremely risky adventure. People who wanted to move their assets from one chain to another had to take extreme precautions to ensure they didn't get hacked by nefarious actors.** **
They didn't just have to take extreme precautions, they also had to go through a series of tedious steps. First, they had to research trustworthy protocols, connect their wallets, move over the assets, and go through a lot of extra steps on the protocol.
Despite the many risks people take to bridge their assets, they are still exposed to significant risks by owning wrapped/pegged/synthetic tokens. They might not think the risks of these tokens are large, but the infrastructure behind them proves they aren't to be trusted.
The reason is simple; the value of these wrapped tokens isn't determined by revenue, but by market forces. They could de-peg from the original assets during times of great uncertainty in the market. This is a risk that people shouldn't have to take just because they want to transfer some assets from one chain to the next.
What this meant in essence is that people really couldn't complete seamless transfers before InterSwap. They had to agonize over it, think through it, and work through it. It wasn't just a transfer anymore, it became a chore. Many people even started to procrastinate their transfer of assets because the whole process seemed tedious.
InterSwap doesn't only create a system where users don't have exposure to the systemic risks of wrapped tokens, but also one that Is quite convenient by nature. The protocol creates a one-stop asset portfolio manager where people can swap their assets for tokens they want at a moment's notice. It's just as simple as making a payment.
But that's not the only thing InterSwap does. The protocol also creates an extremely stable market for users. For example, with other protocols, users may have to deal with unexpected slippage created by a liquidity crunch. If this happens, users end up losing money, just because they want to complete a transaction on another bridge. That's surely not convenient!
InterSwap solves this problem by ensuring an aggregation of liquidity. This aggregation guarantees that slippage doesn't happen during the swap and that users get the right value of assets after the transfer.
By creating a one-step solution for popular asset swaps, InterSwap turns the science of bridging into a kindergarten affair.
People no longer have to agonize over how to swap their assets, or whether that swap would go through. All they need to do is connect to InterSwap, swap their assets directly, and be on their merry way. It's never been easier to perform seamless transfers on the blockchain. And that's because of InterSwap.
About Interswap
InterSwap is an omnichain AMM with unified liquidity built on top of Axelar. InterSwap offers unified transactions across the chains permissionless cross-chain pool creation with a few clicks.